SCHEDULE 13G/A: Thrivent Financial Discloses 10.68% Stake in John B. Sanfilippo & Son Inc.
Beneficial Ownership Report
Thrivent Financial for Lutherans has filed an amended Schedule 13G, reporting a 10.68% beneficial ownership stake in John B. Sanfilippo & Son Inc. as of December 31, 2024.
Summary
- Thrivent Financial for Lutherans reported beneficial ownership of 962,104 shares of John B. Sanfilippo & Son Inc. common stock as of December 31, 2024.
- This ownership represents 10.68% of the company's outstanding common stock, calculated based on 9,006,038 shares outstanding as of October 24, 2024.
- Thrivent Financial for Lutherans holds sole voting and dispositive power over 5,073 shares, but disclaims beneficial ownership of these shares, which are held in the Thrivent Financial Defined Benefit Plan Trust.
- Shared voting and dispositive power is held over 957,031 shares, comprising 257,388 shares managed by Thrivent Financial for Lutherans as an investment adviser and 699,643 shares managed by Thrivent Asset Management, LLC, a wholly-owned subsidiary.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain subjective language or forward-looking statements that would indicate a positive or negative sentiment.
Positives
- The filing indicates a significant, continued stake by a major institutional investor (Thrivent Financial for Lutherans), holding 10.68% of the common stock, which can be viewed as a vote of confidence in the company.
Industry Context
This filing is a standard disclosure of a significant ownership stake by an institutional investor in a publicly traded company. It does not provide broader industry trends or competitive analysis.
Stakeholder Impact
- Shareholders: The continued significant ownership by a large institutional investor like Thrivent Financial for Lutherans may signal stability and long-term interest in the company, potentially reassuring other investors.
Key Dates
| Date | Description |
|---|---|
| 2024-10-24 | Date on which 9,006,038 shares of John B. Sanfilippo & Son Inc. Common Stock were outstanding, as reported in the company's Quarterly Report on Form 10-Q. |
| 2024-10-30 | Date the company's Quarterly Report on Form 10-Q for the quarter ending September 26, 2024, was filed with the Securities and Exchange Commission. |
| 2024-12-31 | Date of the event which requires the filing of this Schedule 13G statement (reporting period end). |
| 2025-01-07 | Date the Schedule 13G Amendment No. 3 was signed and filed by Thrivent Financial for Lutherans. |
Keywords
John B. Sanfilippo & Son Inc., Thrivent Financial for Lutherans, Beneficial Ownership, SEC Filing, Schedule 13G, Common Stock, Institutional Investor, Ownership Stake, Financial Reporting
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.